FlipkartWalmart deal: Tax dept grapples with Tiger Global's liability

1 week ago
Tiger Global is set to make over $3 billion from the $16billion WalmartFlipkart deal. Taxing the windfall the venture capital fund makes, however, is going to be tricky for India. With funds registered in Mauritius, Tiger Global has offices in ... ...

Cannes 2018: Why Aishwarya Rai Bachchan will always remain the poster girl of Cannes

2 weeks ago
The annual Festival de Cannes is known to be one of the most glamorous and prestigious international film festivals. It has always been at the forefront of celebrating cinema (and fashion) and India has always been at the heart of it. The nation's Cannes 2018: Deepika Padukone announces her arrival in a divine sheer ... ...

WalmartFlipkart $16 bn deal: All your important questions answered here

2 weeks ago
US retailer Walmart Inc said on Wednesday it will pay $16 billion for roughly 77 per cent stake in ecommerce firm Flipkart, as it competes with Amazon Inc in India, which is an important growth market. With the deal done, Flipkart cofounder Sachin ... ...

Walmart's Flipkart deal gets rude welcome from market, shares plunge 4%

2 weeks ago
Walmart Inc.'s deal to buy a controlling stake in India's biggest online seller is meeting skepticism on Wall Street. The world's largest retailer will acquire a 77 percent holding in Flipkart Group for $16 billion, the companies said earlier Wednesday ... ...

The $20 billion FlipkartWalmart deal: Key facts

2 weeks ago
Bengaluru: Walmart Inc. is likely to announce its muchanticipated deal to buy a controlling stake in Indian ecommerce company Flipkart, in what is likely to be the US retail giant's biggest acquisition. The deal is expected to be made public on ... ...

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